1 in 2 New Cars Sold in South Korea in First Half of Year Was 'Eco-Friendly'

[Economy 365]

One out of every two new cars sold in South Korea during the first half of this year was an eco-friendly vehicle.

The share of eco-friendly vehicle sales reached 50.4%, marking the first time the figure has exceeded half for the first half of a year.

Combined sales of hybrids, electric vehicles (EVs), and hydrogen fuel cell vehicles totaled approximately 429,000 units.

In particular, EV sales surged by 112.6% compared to last year, making it the only category among major fuel types to show an upward trend.

In the EV market, Tesla surpassed Hyundai Motor to take second place in sales.

Conversely, the share of gasoline-powered cars fell to 39%, dropping into the 30% range for the first time since 2016.

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